Principal Financial Q2 2024 Earnings Report
Key Takeaways
Principal Financial Group reported a net income of $353 million, or $1.49 per diluted share, and a non-GAAP operating earnings of nearly $390 million. The company returned $415 million to shareholders through share repurchases and dividends. AUM reached $699 billion, contributing to AUA of $1.6 trillion.
Net income attributable to Principal Financial Group (PFG) was $353 million, or $1.49 per diluted share.
Non-GAAP net income attributable to PFG, excluding exited business, was $356 million, or $1.50 per diluted share.
Non-GAAP operating earnings were $386 million, or $1.63 per diluted share.
The company returned $415 million of capital to shareholders, including $250 million of share repurchases and $165 million of common stock dividends.
Principal Financial
Principal Financial
Forward Guidance
The company remains well positioned to deliver full year guidance as our strategic focus on higher growth markets, combined with our integrated product portfolio and strong distribution relationships, continues to create value and drive growth for customers and shareholders.